SEC Should Leave Proxy Advisory Firms Alone
Despite complaints by big business, ISS and Glass Lewis aren’t threats to capitalism...
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Articles in category: BoardBlogs
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Soul-Searching is in Order for Nissan's Board After Ghosn Allegations, Governance Experts Say
Read Full ArticleTurmoil at Japan's Nissan Motor surrounding allegations of impropriety by ousted chairman Carlos Ghosn raises questions about the oversight role of the company's board of directors, corporate governance experts said this week. Ghosn, long seen as a superstar of the global auto industry, was arrested last month after allegedly under reporting compensation and misusing assets...
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Protege of Carl Icahn: Invest for Long Term Leave Trading to Computers
Read Full ArticleKeith Meister, founder of Corvex Management, advises stock investors in these tumultuous times to "do what you do really well." "Everyone has different skill sets," said Meister, formerly CEO of billionaire Carl Icahn 's investment firm. "There's people who are going to make a lot of money trading the market [short term]. There's people who are going to make a lot of money having duration" — investing for the long term...
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No Matter How Bad Things Get at Facebook, Mark Zuckerberg will be Chairman For as Long As He Wants
Read Full ArticleDespite Facebook's weakening stock price and scandals, the company's board has almost no power when it comes to removing CEO Mark Zuckerberg from his dual role as chairman, according to multiple corporate governance experts...
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CBS Report on Moonves Shows Epic Failure of Corporate Governance
Read Full ArticleAs a draft report prepared by CBS’s outside lawyers now makes clear, many of the company’s employees, including high-ranking executives and even members of its board, were aware of the former chief executive Leslie Moonves’s alleged sexual misconduct and subsequent efforts to conceal it...
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Quotas are a Terrible Way to Promote Board Diversity. Companies Should Do This Instead
Read Full ArticleThe just-concluded 2018 elections have been referred to as a new " year of the woman ," as nearly 25% of all members of the next Congress will be female. That puts Congress one point ahead of S&P 500 boardrooms, where 24% of all corporate directors are women . Neither number is impressive — and the pace of change remains glacially slow...
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Environmental, Social, Governance - Volvo Cars Use Case
Read Full ArticleA sustainable approach not only brings environmental and social benefits, but also enhances the appeal of a company’s products, enhances profitability, engages employees and helps attract the best talent...
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Carlos Ghosn's Legal Woes Highlight Governance Failings in Japan
Read Full ArticleOne of the biggest mysteries surrounding the arrest of Nissan's former chairman Carlos Ghosn is over how he allegedly could have underreported his income by millions of dollars for years and why the company is going after the suspected wrongdoing now. Ghosn, who headed the Renault-Nissan-Mitsubishi Motors auto alliance, was arrested November 19 on suspicion he underreported his income by USD 44 million over five years, or about half of what he was really making...
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Making Leadership Last: How Long-Tenure CEOs Stand Their Ground
Read Full ArticleExploring why some C-suite leaders last while others fade fast. There are several factors that every leader has to manage...
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Can California’s New Boardroom Diversity Law Withstand Courtroom Backlash?
Read Full ArticleWhen Gov. Jerry Brown signed into law a measure that made California the first state to require public companies to add women to their boards of directors, he professed himself undeterred by its potentially fatal legal flaws. “It’s high time corporate boards include the people who constitute more than half the ‘persons’ in America,” he wrote in a Sept. 30 signing statement about Senate Bill 826...
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“All Investing is Impact Investing,” says John Streur
Read Full ArticleCalvert CEO John Streur says the asset management industry is on the cusp of “ESG 2.0,” where governance and engagement will be more important than simply filtering portfolios with new metrics. This creates wide-open opportunities for financial advisors...
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Dollar Tree Struggles to Fix Its $9 Billion Family Dollar Albatross
Read Full ArticleIt seemed like a good idea at the time. Dollar Tree’s (dltr) $9 billion acquisition of Family Dollar in 2015 after a knock-down-drag-out fight with Dollar General (dg) has turned into a big weight on its results as fixing the damaged chain is proving to be harder than expected...
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Why CISOs Need To Teach Everyone To Own Risk
Read Full Article“I identify certain types of risk — operations, privacy, availability — and the key stakeholders who either accept it or not,” said Paul Catalayud, CISO of Palo Alto Networks. “The goal is to reduce that risk to an acceptable tolerance."...
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Starbucks is Doing Better Than Ever After Howard Schultz
Read Full ArticleThis year has been filled with transition and turmoil at Starbucks. But don't tell that to Wall Street. Despite negative publicity in 2018 that stemmed from the arrests of two black customers in a Philadelphia store in April, worries about more competition from Dunkin' and McDonald's and the retirement of its iconic leader Howard Schultz, shares of Starbucks are up more than 15% this year and are not far from an all-time high...
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Microsoft's Surprising Comeback Over Apple is the Outcome of Two New CEOs With Radically Different Gameplans
Read Full Article- Microsoft briefly overtook Apple this week as the world's most valuable company.
- The development speaks volumes about investors' faith in the respective companies' futures and the leaders driving each company there.
- While Tim Cook has demonstrated that he's a great manager for Apple, he's repeatedly shown he's "not a product person," and he's left shareholders wondering about the company's next act....
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The Ghosn Effect on Corporate Governance
Read Full ArticleAs the power and influence of the CEO increases, so also must the attentiveness and engagement of the board...
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Ghosn’s a Victim of the Nissan World He Made
Read Full Article(Bloomberg Opinion) -- You reap what you sow. As the auto world makes sense of Carlos Ghosn’s sudden fall from grace at Nissan Motor Co., one thing is clear: The legendary executive was a victim of dismal corporate governance at the company he sat atop for decades. Allegations against Ghosn include under-reporting his income in securities filings and making personal use of company assets...
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Nelson Peltz: The Investor That Tripped on GE & P&G
Read Full ArticleOn Oct. 1 , when General Electric announced it had fired John Flannery, its CEO of just 14 months, one of the few people not at all shocked by the news was Nelson Peltz, the legendary activist investor. Flannery’s abrupt dismissal surprised even Wall Street analysts who obsessively follow the tarnished conglomerate...
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Zuckerberg at Center of New Facebook Firestorm
Read Full ArticleFacebook’s leadership is facing a crisis following the company’s latest controversy. The past year has given ammunition to the growing number of critics worried about Facebook’s size, business model and implications for democracy...
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Explainer: What Misconduct is Nissan's Ghosn Accused Of, and How did it Come to Light?
Read Full ArticleJapan was shocked by news that Nissan Motor Co. Chairman Carlos Ghosn, who was widely respected for rescuing the car maker from near bankruptcy, was arrested on Monday for alleged financial misconduct. Nissan said that Ghosn, who is also chairman and CEO of Renault and chairman of Mitsubishi Motors, would be fired from his post as Nissan chairman on Thursday...
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Why the California Women on Boards Law is Flawed
Read Full ArticleOn Oct. 1, I woke up to the news that diversity is now a mandate. Gov. Jerry Brown had just signed a bill requiring all publicly traded companies headquartered in California to have at least one woman on their boards of directors by the end of 2019; boards with six or more directors will need to have three women by the end of 2021. On one hand, I wanted to celebrate the new law...
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Advisory Boards Are Important For Every Business
Read Full ArticleMentorship is one of the reasons why startups need an advisory board . Entrepreneurs who recognize that they are lacking in certain skills in certain ...
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Essential Due Diligence Steps for Would-be Directors
Read Full ArticleJoining the board of Directors for a business or a nonprofit can be a great way to raise your professional profile...
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Whistleblowers: Endangered But Vital To The Corporate World
Read Full ArticleDespite the risks they take, whistleblowers continue to struggle to establish the legitimacy of their role in the eyes of society. Managers, business leaders and policy-makers need to become more aware of the effectiveness of whistleblowers and how their actions can help business, not hinder it...
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